U.S. BioDefense Wholly Owned Portfolio Company Stem Cell Research Institute, Inc. Successfully Completes Evaluation and Validati
18 February 2006 - 1:00AM
PR Newswire (US)
CITY OF INDUSTRY, Calif., Feb. 17 /PRNewswire-FirstCall/ -- U.S.
BioDefense (OTC:UBDE) (BULLETIN BOARD: UBDE) is pleased to announce
today that it has successfully completed the evaluation and
validation of its human neural crest stem cells as a part of its
agreement with the University of British Columbia. Director of
Research, Dr. Cyndi Chen, Ph.D. stated "This is exciting news for
us and the medical community. The possibilities of developing
neural crest stem cell therapies and treatments for a number of
degenerative diseases give hopes to those who suffer from these
debilitating diseases." Having passed the initial validation phase,
U.S. BioDefense, Inc. is now working toward a full licensing
relationship and will begin pre-clinical analysis of how this cell
line can be utilized. Currently, the company is considering
investigating the stem cells applications in combating ALS and
Parkinson's disease. U.S. BioDefense, Inc. joins StemCells, Inc. in
the fight to find a therapeutic treatment for neurodegenerative
diseases in the United States. On September of 2005, U.S.
BioDefense, Inc. received its first stem cell line. The stem cell
line is part of an option to license world patent application WO
03/054202 A1 and US patient application 5,958,767 entitled
"Generation of Human Neural Crest Stem Cell Line and Its
Utilization in Human Transplantation" and related applications with
the University of British Columbia. The line was developed by Dr.
Seung Kim and has potential applications in the development of
therapeutic treatments for a variety of neurogenerative diseases.
CEO David Chin stated that, "We are pleased to announce to our
shareholders the completion of the evaluation phase and look to
move forward on completing the negotiation to acquire this amazing
technology. Currently, the existence of immature multi-potent stem
cells has been identified in the embryonic and adult human brain
and several groups have generated stable, perpetual neural stem
cell lines that were utilized for cell replacement or gene transfer
therapies in animal models of human neurological disorders. To this
end, we will continue our progress to investigate the potentials of
these cells for future clinical prospects." About Stem Cell
Research Institute, Inc. SCRI is a wholly owned portfolio company
of U.S. BioDefense, a strategic biotechnology transfer and holding
company, which is focused on accelerating Stem Cell Research. SCRI
has an option to Exclusively License the Neural Crest Stem Cell
Line which has been validated by Director of Research Dr. Cyndi
Chen in a collaboration agreement with AntiCancer, Inc. The long
term goal is to research, develop, and commercialize novel
approaches on utilizing human neural crest stem cell and their
potentials in human transplantation to treat neurodegenerative
diseases such as Parkinson's and ALS. Safe Harbor Statement
Forward-Looking Statements Included in this release are certain
"forward-looking" statements, involving risks and uncertainties,
which are covered by the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the U.S. BioDefense's financial performance. Such
statements are based on management's current expectations and are
subject to certain factors, risks and uncertainties that may cause
actual results, events and performance to differ materially from
those referred to or implied by such statements. In addition,
actual future results may differ materially from those anticipated,
depending on a variety of factors, including continued maintenance
of favorable license arrangements, success of market research
identifying new product opportunities, successful introduction of
new products, continued product innovation, the success of
enhancements to the U.S. BioDefense's brand image, sales and
earnings growth, ability to attract and retain key personnel, and
general economic conditions affecting consumer spending, including
uncertainties relating to global political conditions, such as
terrorism. Information with respect to important factors that
should be considered is contained in the U.S. BioDefense's Annual
Report on Form 10-K as filed with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. The U.S. BioDefense does not intend to update any of the
forward-looking statements after the date of this release to
conform these statements to actual results or to changes in its
expectations, except as may be required by law. Contact: U.S.
BioDefense, Inc. David Chin, 626-961-0562 DATASOURCE: U.S.
BioDefense CONTACT: David Chin of U.S. BioDefense, Inc.,
+1-626-961-0562,
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